For much of 2018, crypto startups seemed invincible. As Bitcoin (BTC) collapsed, falling to new multi-month lows each and every month, this industry’s participants barely flinched. Yet, as 2018 has come to a head, a number of industry heavyweights have ostensibly fallen victim to financial shortcomings, dropping the guise of fortitude in a hot second, so to…
Key Points Bitcoin price struggled to gain traction above the $3,840 and $3,900 resistance levels against the US Dollar. Yesterday’s highlighted major bearish trend line is intact with resistance at $3,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a bearish zone and it could…
Following the recent period of volatility in the cryptocurrency markets, Bitcoin has found support around $3,800, and has led the overall cryptocurrency markets to trade sideways. The crypto market’s stability over the past couple of days comes amidst major volatility in the traditional equities markets. At the time of writing, Bitcoin is trading up marginally at…
According to emerging reports, the popular Bitcoin wallet software Electrum has been attacked costing those affected over $750,000 worth of Bitcoin. The security breach involved hackers tricking the wallet into urging users to make a critical update. Those affected were then redirected to an unauthorised GitHub repository where an unofficial update was made to the…
Bitcoin (BTC) and its unprecedented price rally resulting in an all-time high value of around $20,000 in January 2018, undoubtedly caught the public’s attention. Despite losing around 80 percent of its price afterward, 2018 was the year which saw the blockchain industry boom in a lot of different verticals. 2018 – A Year of Diversity…
Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session. Investors are turning to the historical store of value in rising numbers to protect their wealth amid geopolitical…
As traditional equities have plummeted in value, especially Nasdaq-based technology stocks, interestingly, so has the Bitcoin (BTC) market. This seeming correlation was most recently exemplified by crypto’s tumble on Christmas Eve, as BTC fell from $4,200 to $3,800 as industry commentators were claiming that a “Santa Claus rally” was nigh. Other digital assets followed, with…
Key Points Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below…
Earlier this week, the crypto markets rose slightly and were able to regain much of their recent losses. This relatively small pump got many investors who viewed it as the “Christmas rally” excited for what was to come, although the bears pushed the markets back down on December 24th. Following this drop, the overall markets…
Key Points Bitcoin price corrected lower recently and traded below the $3,800 support against the US Dollar. There was a break above a short term declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely basing for a fresh upward move above the…